Sheridan Co. gathered the following information on power costs and factory machine usage for the...
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Sheridan Co gathered the following information on power costs and factory machine usage for the last six months: Using the highlow method of analyzing costs, answer the following questions and show computations to support your answers. a Your answer is correct. What is the estimated variable portion of power costs per factory machine hour? Round answer to decimal places, eg Variable power costs $ per factory machine hour b What is the estimated fixed power cost each month? $ 
Sheridan Co gathered the following information on power costs and factory machine usage for the last six months:
Using the highlow method of analyzing costs, answer the following questions and show computations to support your answers.
a
Your answer is correct.
What is the estimated variable portion of power costs per factory machine hour? Round answer to decimal places, eg
Variable power costs
$
per factory machine hour
b
What is the estimated fixed power cost each month?
$
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